Bitcoin is a powerful technology and sport. It represents freedom, the design of this cryptocurrency is decentralized, so no one or organization can control it. Bitcoin brings money into the digital age, which has led many people to a religious belief in bitcoin. Some of them are trying to promote bitcoin like early missionaries, hoping to let the public know what is special about it. .
YouTube blogger Ben Perrin is one of them, and he has recently become the target of cryptocurrency fraudsters. Fortunately, he saw the scam in the first place, and let the other party transfer some bitcoin to himself, and then he donated the funds he received to the charity.
- Why do more people prefer deflationary cryptocurrencies?
- Deutsche Bank: Digital RMB will weaken US dollar's dominance in global financial system
- Being shot, being controlled, and being exiled globally, is the founder of the exchange the most dangerous occupation in the currency circle?
- Galaxy Digital CEO explains three common mistakes of crypto traders: early entry, lack of observation, short sight
- Babbitt Column | Digging Deeper into the Causes of Bitcoin's Slump and Its Impact on the Future
- Be wary: Encrypted scams are becoming more and more rampant, please be wise to avoid traps
When the fraudster is "anti-fraud"
Ben Perrin is the host of the YouTube channel BTC Sessions, "the most popular YouTube Bitcoin blogger in Canada" and has been spreading positive information about Bitcoin since 2016. He has accumulated more than 30,000 subscribers and more than 2.5 million hits on YouTube.
His enthusiasm for Bitcoin made him famous in the field of cryptocurrency. However, his reputation and active participation in this digital financial technology also made him the target of cryptocurrency fraudsters. But because Perrin is proficient in cryptocurrencies, he can easily reverse the situation and let the fraudsters eat their own food.
"Wake up on Monday morning, I received a message from a liar. He assured me that if I handed him his bitcoin, he would bring me countless wealth."
Perrin said that he later gave the scammer an "unforgettable lesson" through photoshop, random blockchain trading and "social engineering."
The swindler proposed to double Perrin's bitcoin investment within a day, Perrin raised questions. He pretended to receive a similar proposal from another person, falsely claiming that the other party sent him a "test" transaction to prove that the person's proposal was true and effective. He used photoshop to "confirm" his own statement.
"I said that I am happy to invest $20,000, provided they can give me $100 and I will give them back, just to make sure everything is true."
The swindler wrote and sent Perrin a $50 bitcoin (though not $100). Then Perrin tells the other party that he will leave the money and donate it to Bitcoin Venezuela. The organization is a charitable fund that aims to help the Venezuelan people with bitcoin, because the country’s currency has depreciated sharply, is almost worthless, and continues to depreciate.
Perrin gave the liar a valuable lesson and also supported an important cause. The cryptocurrency community needs more people like Perrin to push the industry in a positive direction, leaving those who use digital assets to commit crimes to disappear.
New cryptocurrency scams emerge in an endless stream
According to a report by Babbitt yesterday , a large number of users said that they received calls from the trading platforms such as the currency security and the fire currency. The other party said that they could provide high-yield speculative services. It has been confirmed that they are fraudulent calls that pretend to be exchanges.
In addition, the previously rampant cryptocurrency malicious mining software has also been replaced by other malicious programs.
According to a recent report by computer security company Skybox Security, cryptocurrency ransomware, botnets and backdoors seem to have replaced cryptocurrency mining malware as the preferred tool for cybercriminals. The report states:
“Compared with the same period in 2018, container software vulnerabilities increased by 46% in the first half of 2019. From the trend of the last two years announced in the first half of the year, container vulnerabilities increased by 240%.”